Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Thailand - 2024
Contents:
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Thailand (FOB) - 2024
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Thailand (CIF) - 2024
- Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Thailand
- Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Thailand
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Thailand (FOB) - 2024
The average export price for containers for compressed or liquefied gas, of iron or steel stood at $19.6 per unit in March 2024, surging by 7.2% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 10% month-to-month. As a result, the export price reached the peak level of $23.8 per unit. From May 2023 to March 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was Cambodia ($40.8 per unit), while the average price for exports to the Philippines ($8.3 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Thailand (CIF) - 2024
The average import price for containers for compressed or liquefied gas, of iron or steel stood at $22.0 per unit in March 2024, therefore, remained relatively stable against the previous month. In general, the import price showed a slight decrease. The pace of growth was the most pronounced in February 2024 an increase of 23% month-to-month. Over the period under review, average import prices attained the peak figure at $27.7 per unit in April 2023; however, from May 2023 to March 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($74.8 per unit), while the price for Malaysia ($9.6 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by India (+0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Thailand
In 2022, shipments abroad of containers for compressed or liquefied gas, of iron or steel decreased by -13.5% to 8.9M units, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 51% against the previous year. As a result, the exports reached the peak of 11M units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of containers for compressed or liquefied gas, of iron or steel contracted to $204M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year. Over the period under review, the exports of hit record highs at $229M in 2021, and then declined in the following year.
| Export of Containers for Compressed or Liquefied Gas, of Iron or Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.3 | 25.8 | 56.3 | 55.4 | 47.4% |
| Cambodia | 36.6 | 35.7 | 34.2 | 28.1 | -8.4% |
| Australia | 7.3 | 8.2 | 11.7 | 13.8 | 23.6% |
| South Africa | 6.0 | 8.9 | 11.4 | 12.2 | 26.7% |
| Kuwait | 3.0 | 2.0 | N/A | 8.4 | 40.9% |
| Cote d'Ivoire | 4.6 | 9.1 | 4.8 | 6.8 | 13.9% |
| Malaysia | 10.2 | 9.4 | 7.3 | 6.6 | -13.5% |
| Philippines | 7.2 | 6.7 | 5.6 | 6.3 | -4.4% |
| Canada | 2.5 | 4.7 | 5.7 | 5.5 | 30.1% |
| Tanzania | 10.2 | 13.3 | 10.3 | 5.1 | -20.6% |
| Myanmar | 9.7 | 9.2 | 19.9 | 4.0 | -25.6% |
| New Zealand | 2.9 | 4.0 | 5.7 | 3.9 | 10.4% |
| Lao People's Democratic Republic | 2.5 | 2.6 | 1.1 | 3.0 | 6.3% |
| Others | 74.4 | 84.9 | 54.5 | 45.2 | -15.3% |
| Total | 194 | 225 | 229 | 204 | 1.7% |
Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Thailand in 2022:
- United States (2246.3K units)
- Malaysia (644.5K units)
- Philippines (631.4K units)
- Australia (573.7K units)
- Cambodia (565.9K units)
- South Africa (557.8K units)
- Kuwait (362.8K units)
- Cote d'Ivoire (355.9K units)
- Lao People's Democratic Republic (265.7K units)
- Tanzania (235.1K units)
- Myanmar (226.4K units)
- Canada (204.1K units)
- New Zealand (191.7K units)
Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Thailand
For the fourth consecutive year, Thailand recorded growth in supplies from abroad of containers for compressed or liquefied gas, of iron or steel, which increased by 1.2% to 3.9M units in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 149%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of containers for compressed or liquefied gas, of iron or steel dropped to $97M in 2022. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 125% against the previous year. As a result, imports reached the peak of $105M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Containers for Compressed or Liquefied Gas, of Iron or Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.1 | 18.2 | 31.0 | 38.6 | 36.7% |
| India | 10.8 | 11.4 | 8.6 | 8.6 | -7.3% |
| Malaysia | 4.0 | 3.3 | 2.8 | 3.1 | -8.1% |
| United States | 3.1 | 4.1 | 1.5 | 2.0 | -13.6% |
| Japan | 5.4 | 2.2 | 1.2 | 1.5 | -34.8% |
| United Kingdom | 1.9 | 1.0 | 2.1 | 1.2 | -14.2% |
| Myanmar | 0.4 | 0.2 | 0.4 | N/A | 0.0% |
| Others | 5.9 | 64.7 | 57.0 | 42.0 | 92.4% |
| Total | 46.7 | 105 | 105 | 97.0 | 27.6% |
Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Thailand in 2022:
- China (1497.8K units)
- India (446.2K units)
- Malaysia (371.1K units)
- United Kingdom (49.4K units)
- Japan (19.6K units)
- United States (15.1K units)
- Myanmar (3.6K units)
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